Silver futures fall on weak global cues

NEW DELHI, July 24: Taking negative cues from overseas market, silver prices slipepd by 0.31 per cent to Rs 39,061 per kg in futures trading today as speculators cut their bets, driven by a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in  December fell by Rs 121, or 0.31 per cent to Rs 39,061 per kg in business turnover of 12 lots.
Likewise, the white metal for delivery in September lost Rs 96, or 0.25 per cent to Rs 38,187 per kg in 345 lots.
Marketmen attributed the fall in silver prices in futures trade to a weak trend in precious metals overseas.
Meanwhile, silver was trading 0.10 per cent lower at USD 15.31 an ounce in Singapore. (PTI)

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